The man must face consequences for what he did. A rich Indian can influece judiciary and get away with crime.
THE US administration mustn't spare this rich man. They should learn to obey law of the land where they are.

Look, this guy is real trouble now. Insider trading alone should be 2 ~ 5 years in jail. However this guy is facing 20 years jail sentence, which means that "undisclosed" his real crime is worth more than 20 years. USA is going to teach the world with this!

The US Hedge fund Galleon group founder Raj Rajratnam's jury trial, and he being found guilty for an insider trading leading to a financial fraud running into billions of dollars seems not only mind boggling, but also does amount to public fraud and cheating which invites harshest penal action, nonetheless there seems to be no respite from such frequently occurring financial frauds and public plunder as the financial markets, not in the US only, but the world around, go largely unregulated due to inability or unwillingness of the regulators concerned, which, in turn, points to a nexus between the big business and politics that hampers the enactment of effective financial market regulatory laws and their execution, resulting into a periodic cycle of financial crises, that hit hard the common people but, filled the coffers of a tiny few wheelers and dealers with ill-gotten money and wealth.

Anybody who is surprised about the nefarious practices listed here, should take a long cold shower. Exceptional success in "the markets" is only possible by exploiting privileged information. This makes racketeering too tempting for the highly ambitious to leave it alone. Any exceptional successes should automatically trigger a hard nosed investigation.

Wasn't some staff of the SEC paid for watching porn? (search on Google), instead of doing their real job?
They basically needed to be seen doing something, and took down a well chosen target - a foreigner (from a small puny Asian country - Sri Lanka) who would not have as many a powerful friend as the natives.
I do not feel too sorry for Raj, but I cringe at the feeling of how they would have gone about selecting the target, to make an example of.
Disclosure: I am a citizen of Sri Lanka (un-patriotic though) - and I still admire Raj, despite what he did: he should not have cheated.

HEDGE funds are what they are for - making money for those who operate them. If they were operated with diligence, crash of 2008 would not have happened (with insider trading - normal trading requires diligence). What else is crony capitalism?

Stop your racist comment. It is the words like these which have been directed at Muslims and others, just due to the actions of a few of their number. These words have given America a reputation for racism against anyone who is not black or white. Being non-Judeo-Christian does not delegitimize one's culture, but rather, it enriches the culture of America.
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Anyway, now on topic. What we should do is require all people in the SEC to break all ties with publicly traded companies or otherwise large ones, and in addition, we should require that any SEC employee cannot go to a private company for five years after their departure from the SEC. That would reduce revolving door activity.

Also, STRICT regulations need to be enforced on these subprime loans and to stop the greedy pigs from stealing everyone's money. And these have to be even more strictly enforced. That way, more pigs will see prison.

It seems that the government in every country likes to "look after" the rich entrepreneurs,managers and espetially the financial oligarch.Huang Guangyu,the Chinese electronic tycoon and the funder of GOME Group was sent in prison for 14 years because of the convictions of stock market manipulation.And the Russian financial oligarch,Mikhail Khodorkovsky,also became the richest prisoner in 2004.And now it's your turn,Mr Rajaratnam.

Real scum, but only a commen thief. Where re the indictments against the real criminals like Blankfein, Frank, Fuld, Greenberg, Prince, Rubin, Cohen, Schwartz, Cain etc., etc., that bankrupted the country?

So what? Thats just one blow hard hedge fund manager. There is no way the SEC will go after any Wall Street firm because that means the SEC attorney doing the investigation will never get his million dollar pay out when he leaves the SEC and goes to work at Goldman, BOA, Wells, Citi, Morgan Stanley, etc....

How about going after all those low life Wall Street firms that bundled sub prime loans and then shorted the firms the sold them too ? What a joke. The SEC thinks this will take the heat off them by getting a few of the rouge PIGS. However, the big boys are untouchable.

I doubted that the US would win with the big money spent by Rajaratnam on his defense team, who are paid the money to confuse the jury and create doubt. If I was involved in insider trading, I would not sleep well, and start using trusted messenger like Bin Laden!